Tord Grip says he'll quit Notts County if new funds are not found

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Executive chairman Peter Trembling admitted yesterday that he expects director of football Eriksson to quit unless more cash is found.

Grip has claimed that his job as general advisor has become impossible after the Football League imposed a transfer embargo this week after County's parent company, Blenheim 1862, was served with a winding-up order from HM Revenue and Customs over a six-figure tax debt.

Grip said: "We just sit in the office, it's not happening so much. The club must get more money before the transfer window is closed. If they don't, then we don't have any money and I will leave the club."

Trembling, though, is certain he can get get the transfer embargo lifted by next week.

He claimed to be in "advanced talks" with three prospective investors - one party is believed to be Norwegian telecommunications giant Ludo - and is confident of brokering a deal with one of them by next week.

That investment would see the debt paid and the transfer embargo subsequently lifted enabling the club, who are fifth in Coca-Cola League Two, to sign players.

"As soon as we have paid that debt and satisfied the Football League it has been cleared, then the embargo will be lifted. And it is important we get it resolved next week," said Trembling.

"If we get serious investors over the line next week we have a target of five or six players we would look to bring in, maybe not all of them but four to strengthen the squad immediately."